Search Results for keywords:"common stock"

Found 3 results

Search Results: keywords:"common stock"

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  • 2025-03744 — ISQ Infrastructure Income Fund and I Squared Capital Registered Advisor LLC
    Type:Notice
    Citation:90 FR 11636
    Reading Time:about 2 minutes

    The Securities and Exchange Commission (SEC) is considering an application from the ISQ Infrastructure Income Fund and I Squared Capital Registered Advisor LLC for an exemption under the Investment Company Act of 1940. The applicants seek permission for certain closed-end management investment companies and business development companies to pay investment advisory fees using shares of their common stock. If no hearing is requested, the SEC will grant the requested relief. Interested individuals can request a hearing by contacting the SEC by March 31, 2025.

    Simple Explanation

    The government is thinking about letting some money companies pay their helpers with pieces of their own special paper, called stock, instead of money. If nobody says they disagree by the end of March 2025, these companies can go ahead and do it.

  • 2024-28116 — Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change to Amend Section 802.01C of the NYSE Listed Company Manual (Price Criteria for Capital or Common Stock) To Restrict the Use of Reverse Stock Splits in Certain Circumstances
    Type:Notice
    Citation:89 FR 95301
    Reading Time:about 2 minutes

    The New York Stock Exchange LLC (NYSE) filed a proposal with the Securities and Exchange Commission (SEC) to amend rules about reverse stock splits, aiming to prevent companies that fall below certain price criteria from using reverse stock splits to reclaim compliance under specific circumstances. The SEC is taking extra time beyond the usual 45-day review period to evaluate this proposal and any comments received. They have extended the deadline to either approve or disapprove the changes to January 15, 2025. The proposal was initially published for public comment on October 17, 2024.

    Simple Explanation

    The NYSE wants to change a rule so that if a company's stock price is too low, they can't just use a trick called a "reverse stock split" to quickly fix it. The people in charge need more time to decide if this change is okay, so they've pushed back their decision until mid-January.

  • 2025-03121 — HarbourVest Private Investments Fund and HarbourVest Registered Advisers L.P.
    Type:Notice
    Citation:90 FR 10739
    Reading Time:about 2 minutes

    The Securities and Exchange Commission (SEC) is considering an application from HarbourVest Private Investments Fund and HarbourVest Registered Advisers L.P. for an exemption under the Investment Company Act of 1940. This exemption would allow certain registered investment companies to pay advisory fees in shares of their common stock. Interested parties can request a hearing by emailing the SEC and the applicants by March 14, 2025. The application's details and conditions can be accessed through the SEC's EDGAR system.

    Simple Explanation

    The SEC is thinking about letting some investment companies pay their helpers with shares instead of cash, and they want people to tell them their opinions about this idea by March 14, 2025.